The price is below the moving average MA 200 and 20 MA, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero level.
If the price rebound from resistance level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.1000
• Take Profit Level: 1.0880 (120 pips)
• Stop Loss Level: 1.1040 (40 pips)
If the level of resistance is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.1060
• Take Profit Level: 1.1160 (100 pips)
• Stop Loss Level: 1.1030 (30 pips)
GOLD
Possible long position at the breakout of the level 1105.60
EURUSD
Possible long position at the breakout of the level 1.1100
USDCHF
Possible short position in the breakdown of the level 0.9520
GBPUSD
Possible short position in the breakdown of the level 1.5450
